Wall Street Zen Downgrades Boyd Group Services (NYSE:BGSI) to Hold

Key Points

• Wall Street Zen downgraded Boyd Group Services (NYSE:BGSI) from a Buy to a Hold, while other recent reports leave the stock with an average rating of Moderate Buy and an average price target of $157.
• In the latest quarter BGSI reported EPS of $0.90, beating estimates by $0.27, but revenue of $793.85 million missed expectations; analysts expect about 4.42 EPS for the current year.
• BGSI opened at $122.32 (down 1.2%), with a market cap of $3.4 billion, a P/E of 149.17, and a 12‑month trading range of $115.40–$183.10.

Boyd Group Services (NYSE:BGSI - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

Several other research firms have also issued reports on BGSI. Weiss Ratings initiated coverage on Boyd Group Services in a report on Thursday, January 15th. They issued a "sell (d+)" rating for the company. Stephens reduced their target price on Boyd Group Services from $200.00 to $157.00 and set an "overweight" rating for the company in a report on Tuesday, April 14th. Finally, Scotiabank raised Boyd Group Services to a "strong-buy" rating in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $157.00.

Boyd Group Services Stock Down 1.2%

BGSI stock opened at $122.32 on Friday. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 149.17 and a beta of 0.79. The company has a current ratio of 3.14, a quick ratio of 3.00 and a debt-to-equity ratio of 0.54. The firm has a 50 day simple moving average of $140.55. Boyd Group Services has a 12-month low of $115.40 and a 12-month high of $183.10.

Boyd Group Services (NYSE:BGSI - Get Free Report) last released its earnings results on Wednesday, March 18th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.27. The company had revenue of $793.85 million during the quarter, compared to analyst estimates of $821.73 million. Boyd Group Services had a return on equity of 4.63% and a net margin of 0.59%. On average, research analysts expect that Boyd Group Services will post 4.42 earnings per share for the current year.

Hedge Funds Weigh In On Boyd Group Services

Several institutional investors have recently bought and sold shares of the company. Assetmark Inc. purchased a new position in Boyd Group Services in the fourth quarter valued at approximately $59,000. Pictet Asset Management Holding SA lifted its stake in Boyd Group Services by 11.8% in the first quarter. Pictet Asset Management Holding SA now owns 5,425 shares of the company's stock valued at $690,000 after purchasing an additional 571 shares during the last quarter. Value Partners Investments Inc. lifted its stake in Boyd Group Services by 7.4% in the first quarter. Value Partners Investments Inc. now owns 9,905 shares of the company's stock valued at $1,262,000 after purchasing an additional 686 shares during the last quarter. Cardinal Point Capital Management ULC lifted its stake in Boyd Group Services by 8.0% in the first quarter. Cardinal Point Capital Management ULC now owns 20,095 shares of the company's stock valued at $2,560,000 after purchasing an additional 1,495 shares during the last quarter. Finally, Public Sector Pension Investment Board purchased a new position in Boyd Group Services in the fourth quarter valued at approximately $262,000. Hedge funds and other institutional investors own 0.17% of the company's stock.

Boyd Group Services Company Profile

Boyd Group Services Inc is a North American operator of collision repair centers that provides vehicle repair, paint and refinishing, and auto glass replacement services. Its locations perform mechanical and cosmetic collision repairs, parts sourcing, and related warranty work, serving retail customers as well as business clients such as insurers and fleet operators. The company’s operations typically include estimating, repair planning, paint and body work, and post-repair quality assurance and customer service.

Headquartered in Winnipeg, Manitoba, Canada, Boyd Group Services operates across both Canada and the United States through a network of company-owned collision repair facilities under various local and regional brand names.

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